Underworld: India builds caves to save oil for crisis

Psychologists describe hoarding as an emotional syndrome when people find it difficult to part with things. A sense of eternal fear of running out of things is overwhelming as also the need to pile up goods, irrespective of value or utility, resulting in a disorderly existence.

That’s not the quite the case with every class of accumulator though. Deep inside the earth’s surface, in neat, uncluttered subterranean coastal caverns, many governments are quietly stocking up something that they fear may soon run out: oil.

About 700 million barrels of oil currently lie in 60 underground caves located in four inconspicuous locations in the United States, which has been building its strategic petroleum reserve (SPR) since 1970. Read More